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Change Gauge: 20 Key Marketing Moves

When a CEO hires a chief marketer, he or she is not looking for someone to simply manage the marketing department. The CEO needs a “seat-at-the-table” business partner who can be a thought leader for the corporation, providing a broad-based commercial perspective on the business, as opposed to a more narrowly focused brand-building approach.

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CEOs Are on the Lookout for ‘Seat-at-the-Table’ Business Partners. Plus, Companies Continue to Move Toward Managing Brands on a Global Basis

When a CEO hires a chief marketer, he or she is not looking for someone to simply manage the marketing department. The CEO needs a “seat-at-the-table” business partner who can be a thought leader for the corporation, providing a broad-based commercial perspective on the business, as opposed to a more narrowly focused brand-building approach.

Look at Research in Motion’s hire of Roger Baxter, now VP-brand marketing communications. As the former chief strategy officer at Publicis, Mr. Baxter’s ability to think big will be put to use as RIM looks to revamp its aging BlackBerry products.

It is also still the CMOs job to manage brand equity and be the keeper of the corporate reputation. More than ever before, CMOs are expected to be the brand ambassador as well as brand custodian. This becomes more and more challenging as CMOs give up some control of brand messaging in the new world of consumer-centric digital and social media. Growth in the top and bottom line must be achieved through marketing tactics that have been redefined with the explosion of grassroots digital and social-media options. Some companies, like Procter & Gamble, are recognizing this with the creation of specialized roles: The packaged-goods giant recently named Ilonka Laviz, former associate marketing director on its Always brand, to the role of marketing director-digital brand-building strategy, global e-commerce.

For more go to http://adage.com/article/cmo-strategy/20-key-marketing-moves/228613/

 

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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